Comvest Partners completes sale of Robbins Brothers
WEST PALM BEACH, Fla., Jan. 13, 2022 (GLOBE NEWSWIRE) — Comvest Partners (“Comvest”), an operations-focused, middle-market private investment firm, is pleased to announce that it has completed the sale from Robbins Brothers, a high-end jewelry retailer primarily serving the bridal market, to the Robbins Brothers management team, Main Street Capital Corporation (NYSE: MAIN) and other co-investors. Robbins Brothers was a platform company in Comvest’s private equity portfolio.
Robbins Brothers, with over a century of operating history, is one of the region’s leading independent wedding jewelers providing customers with diamond engagement rings, wedding bands, settings and costume jewelery from the highest quality. During its partnership with Comvest, Robbins Brothers has built a high performing professional management team, a scalable jewelry platform and a deep operational infrastructure.
“It has been a tremendous experience to partner with President and CEO Marc Friedant and the rest of the Robbins Brothers management team to create one of the nation’s leading jewelry retailers,” said Tom Clark, senior partner at Comvest.
Krishna Bhadriraju, Vice President of Comvest, added: “Robbins Brothers continues to differentiate itself in the bridal space through a strong brand identity, driven by positive and meaningful in-store customer experiences, exceptional service and an impressive range. high quality jewelry. ”
“Our partnership with Comvest has been pivotal in professionalizing our business, helping to drive strong growth as we have expanded our product offering, invested in our stores and scaled in a very profitable way,” said Mr. Friedant. . “We are excited about our new partnership with Main Street Capital, which we believe will enable our next phase of growth.”
Duff & Phelps, A Kroll Business and Capstone Partners acted as financial advisors, and McDermott Will & Emery LLP acted as legal advisor to Robbins Brothers.
About the Robbins Brothers
Based in Azusa, Calif., Robbins Brothers operates 15 retail jewelry stores in California, Texas, Washington, Arizona and online, primarily in the bridal segment. With over 100 years of operating history, the company offers extensive product training, exceptional quality and value, and an unwavering commitment to its customers. A focus on bridal jewelry allows Robbins Brothers to offer an unrivaled selection of styles, including an extensive range of exclusive private label and designer collections. For more information, visit www.robbinsbrothers.com
About Comvest Partners
Comvest Partners is a private investment firm that provides equity and debt capital to middle market companies across the United States. Since its inception in 2000, Comvest Partners has invested over $7.1 billion. Today, Comvest Partners has approximately $6.5 billion in assets under management. Through its extensive capital resources and extensive network of industry relationships, Comvest Partners provides companies with financial sponsorship, critical strategic and operational support and business development assistance. For more information, visit www.comvest.com
Tom Clark, Senior Partner, Comvest Partners – [email protected]
Krishna Bhadriraju, Vice President, Comvest Partners – [email protected]